Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$331,940$331,940$404,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$72,160$0
Funding fee$1,660$1,660$0
Note rate3.125%3.125%7.400%
Blended rate3.125%4.174%7.640%
1st payment$1,606.41$1,606.41$2,797.91
2nd payment$0.00$541.20$0.00
Taxes / mo$2.25$2.25$2.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,758.66$2,299.86$3,030.98
Cash to close$117,060$44,900$44,900